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Business News

Record profits for Canfor

Jul 30, 2021 / 2:05 pm

Canfor Corp. is reporting a large year-over-year increase in net income in its latest quarter as surging lumber prices helped its revenues to more than double...

Tim's faces labour pressure

Jul 30, 2021 / 11:50 am

Canada's top coffee and doughnut chain posted a strong rebound in sales in its latest quarter but rising commodity prices and high demand for restaurant...

Canfor profits double

Jul 30, 2021 / 9:58 am

Record-setting lumber prices have continued to have a positive effect on Canfor's bottom line. On Thursday, the company reported $721.2 million in adjusted...

European recession ends

Jul 30, 2021 / 9:18 am

Europe emerged from a double-dip recession in the second quarter with stronger-than-expected growth of 2.0% over the quarter before, according to official...

SNCswings to profit

Jul 30, 2021 / 9:17 am

SNC-Lavalin Group Inc. swung to a profit in its latest quarter on an eight per cent increase in revenues. The Montreal-based engineering firm says its net...

Billionaire's ship attacked

Jul 30, 2021 / 8:50 am

An attack on an oil tanker linked to an Israeli billionaire killed two crew members off Oman in the Arabian Sea, authorities said Friday, marking the first...

Economy back to growth

Jul 30, 2021 / 7:23 am

Statistics Canada says the economy appears to have grown in the second quarter of the year despite two months of setbacks. The agency says its preliminary...

Enbridge revenues surge

Jul 30, 2021 / 7:20 am

Enbridge Inc. says its net income attributable to common shareholders dropped 15 per cent in the second quarter despite rebounding demand for energy as...

Telus profits soar

Jul 30, 2021 / 7:19 am

Telus Corp. posted double-digit profit and revenue increases in its latest quarter a day after announcing the acquisition of new spectrum licences for $1.95...

Robinhood hits Wall Street

Jul 29, 2021 / 12:12 pm

Robinhood made its own leap into the stock market Thursday, the one it helped reshape by bringing millions of new investors to Wall Street, and its initial...

Domtar approves takeover

Jul 29, 2021 / 9:24 am

Domtar Corp. shareholders have overwhelmingly approved a takeover of the paper producer by B.C.-based Paper Excellence. More than 81 per cent of outstanding...

Molson Coors profits way up

Jul 29, 2021 / 8:05 am

Molson Coors Beverage Co. beat expectations as its net income nearly doubled in its latest quarter on its best revenue growth in more than a decade. The...

Russian lab docks in space

Jul 29, 2021 / 8:05 am

Russia’s long-delayed lab module successfully docked with the International Space Station on Thursday, eight days after it was launched from the Russian...

Second-hand goods, gold?

Jul 29, 2021 / 7:55 am

Canadians who rooted around dusty basements or tackled overflowing closets during the pandemic are keeping vintage stores, auction houses and resale websites...

US economy accelerates

Jul 29, 2021 / 6:27 am

Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a...

American ingenuity on TV

Jul 29, 2021 / 6:27 am

Come, young ones: Gather around the glow of the smartphone's screen for a tale of a distant time when we watched TV on big boxy machines, and switched...

Delta looms over economy

Jul 28, 2021 / 6:15 pm

The spread of the COVID-19 delta variant is raising infections, leading some companies and governments to require vaccinations and raising concerns about the...

Cannabis co. sues NFL star

Jul 28, 2021 / 1:40 pm

Tennessee Titans wide receiver Julio Jones is facing allegations of illegally harvesting and selling millions of dollars of cannabis in California, according to...

A&W sales surge

Jul 28, 2021 / 9:00 am

A&W Revenue Royalties Income Fund says its same-store sales surged nearly 34 per cent in its latest quarter from the prior year when it faced the most...

Iran criticizes US

Jul 28, 2021 / 7:13 am

Iran's supreme leader on Wednesday called the U.S. "stubborn" in stalled nuclear talks in Vienna for discussing Tehran’s missiles and...

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